Friday, February 13, 2015

Piltdown, Polar Bears, Ponzi and Fiat Money

Up until now, the
Piltdown Man was one of the great scientific hoaxes of all time. In 1912, a collection of
carefully doctored human-like remains were unearthed near the village of Piltdown
in Sussex, England. These findings were
put forward and readily accepted as the missing evolutionary link between man
and ape. This farce stood for nearly 50
years as scientific “consensus” until it was demonstrated that this discovery
was a mélange of human and orangutan bones of fairly recent vintage. They had been dyed and filed to look like the
Real McCoy fossils of a heretofore unknown species.

To this day, the jokesters remain anonymous and no one was bilked out of
billions of dollars. The worst that can
be said is that the worldwide scientific community got punked and ate a healthy
slice of humble pie.

Scientific shenanigans are afoot again in new millennium. This time the tables are turned. Scientists are pulling the wool over our eyes
with the climate change scam. In a February
7 Telegraph article, Christopher
Booker reports on how global temperature data has been fudged upward at
monitoring stations throughout the world.
The article is based upon the investigations of Paul Homewood. Booker writes:

“When
future generations look back on the global-warming scare of the past 30 years,
nothing will shock them more than the extent to which the official temperature
records – on which the entire panic ultimately rested – were systematically
“adjusted” to show the Earth as having warmed much more than the actual data
justified.”

But what about those poor polar bears whose icy home is melting away? Homewood demonstrates that is not global warning
that is causing the thaw.Rather the diminished
ice is the result of:

“cyclical
shifts in a major Atlantic current – this last peaked at just the time 75 years
ago when Arctic ice retreated even further than it has done recently. The
ice-melt is not caused by rising global temperatures at all.”

And why would scientists throughout the world be party to such as scam? The reason is that “Big Science” is
underwritten by “Big Government”. Just
as Big Government handsomely paid Big Science to create weapons of mass destruction
and disruption, they are now in cahoots to shake taxpayers down with the warming
scare.

Another present day “scientific” canard comes courtesy of those who
practice economics as if it were particle physics. Econometricians would have us think they can
pull a few levers and people will respond predictably as if they were rats
in a Skinner Box.

Thus central bankers adjust the flow of legal tender intent upon
modifying our behavior, supposedly for our own wellbeing. Here is what happens:

1.Elite
bankers and financiers get newly created money first to invest or spend it as
they see fit.

2.This new
money makes it way downstream in the economy, thereby devaluing the currency
that Joe and Jane Sixpack hold. This
drives up the nominal cash prices of the things that Joe and Jane must
buy. Meanwhile the elites were able to
buy things at lower prices before inflationary pricing kicked in.

3.The U.S.
Fed seems pleased with itself that the Consumer Price Index is increasing at a “modest”
and “steady” 2% per year.

4.This means
that if Joe and Jane just hold on to their money, it decreases in worth by 2%
each year.

5.Since The
Fed is also suppressing interest rates at near 0%, Joe and Jane will still lose
purchasing power

by putting money in a savings account – formerly a time honored way of
building up middle class wealth in America.

6.So it
order to break even, Joe and Jane must move their savings into risky
investments like securities and commodities.

7.This
again benefits the elite Wall Street crowd by artificially pumping up the value
of the stocks and bonds that they hold.

policies of The Fed and
world’s central bankers rob unsuspecting millions of their savings. They encourage malinvestment and inflate
financial bubbles that create hardship and misery on a global scale.

The real question is, “why do people keep falling for the empty promises
of the ruling elites?” I suspect it that
people have lost faith in themselves and in any other higher power. Therefore, like captives under the spell of a
worldwide Stockholm Syndrome, they wish to believe that their captors have
their best interests at heart.

The moral at the end of Steve Goodman’s con man saga, Turnpike
Tom, is this:

“Remember
that you only fall for
Lies and stories when you really want to”